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Platinum Equity and CBS Corporation (NYSE: CBS.A and CBS) announced today that an affiliate of Platinum Equity has acquired the assets of CBS Outdoor International ("CBSO International"), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made an irrevocable binding offer to acquire the assets.

International (“CBSO International”), which is among the largest out-of-home media and billboard businesses in Europe. The transaction was first announced in July when Platinum Equity made an irrevocable binding offer to acquire the assets.